AkzoNobel to outline new strategy
Plan for enhanced value creation
AkzoNobel will outline plans for the creation of two focused businesses and enhanced long-term value creation. This investor update follows the recent announcement to review strategic options for the separation of its specialty chemicals business.
The company will provide updated financial guidance and growth plans, demonstrating the benefits of two focused businesses. Further details regarding the strategic options for the separation of its Specialty Chemicals business will be provided.
AkzoNobel will also publish results for the first quarter. This date has been brought forward to shorten the close period, enabling the investor update to take place.
Ton Büchner, CEO, AkzoNobel: "We have, during recent years, achieved record performance levels for AkzoNobel in terms of profitability and a range of operational measures, generating value for shareholders. We are delivering on our commitments. AkzoNobel is now a leaner, more agile company with a solid financial and operational foundation and a focus on accelerating growth.
Our new strategy will further unlock the value within the company, including the creation of two focused businesses. We are convinced we have a strong platform to build further on our leadership positions to deliver improved profitability and additional long-term value creation for shareholders, employees, customers, the communities where we operate and other stakeholders.
We are best placed to deliver these plans ourselves, building on the existing momentum we have within the company. We look forward to sharing more details on our vision of the future for AkzoNobel."
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